Multibagger aerospace & defence stock locked in upper circuit as company bags new order worth Rs 267.60 crore from Cochin Shipyard Ltd
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 268.10 per share.
CFF Fluid Control Limited has secured a Letter of Intent (LOI) valued at approximately Rs 267.60 crore (including taxes) from Cochin Shipyard Ltd., a domestic entity based in Kochi, for the procurement of a Low-Frequency Variable Depth Sonar (LFVDS) system for Yard 523-528. This domestic order mandates progressive delivery of the LFVDS system by June 2032, with the specific terms and conditions centred around the supply of this sonar equipment for the designated shipyard.
Earlier, CFF Fluid Control Limited secured a domestic contract worth approximately Rs 10.46 crore (inclusive of taxes) from Material Organisation, Mumbai. This contract entails the procurement of spare parts for the P75 project, with delivery scheduled for January 2025. The specific terms and conditions of the contract revolve around supplying spare parts for the designated P75 project.
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CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing shipboard machinery. The company manufactures critical component systems and test facilities for submarines and surface ships for The Indian Navy. The company has a market cap of over Rs 1,600 crore and reported positive numbers in its half-yearly results (H2FY24) and annual results (FY24).
On Friday, shares of CFF Fluid Controls Ltd hit a 5 per cent upper circuit to Rs 844.35 per share from its previous closing of Rs 804.15 per share with a spurt in volume by more than 2.57 times on BSE. The stock’s 52-week high is Rs 949 and its 52-week low is Rs 268.10. The company's shares have an ROE of 51 per cent and an ROCE of 34 per cent. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 268.10 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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